Judo Capital Holdings Ltd (ASX: JDO) Shares Drop 19% Following Trading Update

Fri 02 May 25, 04:34 AM |

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Highlights

Judo Capital Holdings Ltd (ASX: JDO), the parent company of Judo Bank, saw its shares plunge by 19% on Thursday following a sudden trading halt and market update. The drop came after the company disclosed key financial concerns, including slower loan book growth, rising impairment charges, and pressure on profit margins.

The trading halt appears to have been triggered by commentary from Judo’s CFO, Andrew Leslie, during a UBS event earlier in the week. According to the Australian Financial Review, remarks made at the event may have revealed information ahead of formal disclosure, prompting the company to issue an unscheduled market update.

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